Two of China's leading automakers, BYD and Geely, are among the finalists vying to purchase a Nissan–Mercedes-Benz plant in Mexico, according to a person familiar with the matter, as China seeks a manufacturing foothold in a country where U.S. tariffs are fueling factory closures and layoffs. The finalists emerged from nine companies expressing interest in acquiring the factory, including at least two other major Chinese manufacturers: Chery and Great Wall Motor, according to two sources familiar with the matter. Vietnamese electric-vehicle maker VinFast is the third finalist, one of the people said.
For suggestions and feedback click here.
Disclaimer: IMC is not responsible for any kind of loss arising due to the information. You are receiving this newsletter because you have subscribed to this service. To unsubscribe click here. Head Office : IMC Bldg., IMC Marg, Churchgate, Mumbai - 400 020 India | Tel : 91-22-71226633 | Fax : 91-22-22048508 / 22838281 E-Mail : imc@imcnet.org | Website : www.imcnet.org